How Much Does it Cost to Demolish a Multifamily Building?
How Much Does it Cost to Demolish a Multifamily Building?
The cost to demolish a multifamily building depends on several factors, including the size, location, materials, environmental concerns (like asbestos removal), and labor costs. Here’s a breakdown of key cost factors:
Typical Cost Ranges
- Per Square Foot: $4 - $10 per square foot
- Small Multifamily (2-4 units, ~3,000 - 5,000 sq. ft.): $15,000 - $50,000
- Medium Multifamily (5-20 units, ~10,000 - 20,000 sq. ft.): $40,000 - $200,000
- Large Multifamily (20+ units, 20,000+ sq. ft.): $100,000 - $1M+
Cost Factors
- Building Size & Type: Larger buildings cost more, but costs per square foot can decrease with scale.
- Location: Urban areas tend to be more expensive due to regulations, labor costs, and accessibility.
- Asbestos & Hazardous Materials: Testing and abatement can add $5,000 - $50,000+ depending on the extent of contamination.
- Demolition Method:
- Mechanical demolition (excavators, bulldozers) is cheaper.
- Deconstruction (salvaging materials) costs more but may offer tax benefits.
- Permit & Disposal Fees: $2,000 - $20,000 depending on local regulations and landfill costs.
- Site Preparation & Cleanup: If the land will be developed, grading and debris removal can add $5,000 - $50,000+.
Potential Cost Savings
- Salvaging Materials: Selling or repurposing metal, wood, and fixtures can offset some costs.
- Recycling & Tax Credits: Some cities offer incentives for eco-friendly demolition.
- DIY Prep Work: Removing non-structural elements before hiring demolition contractors can lower costs.
